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4.8 Someone Always Mistakes a Weak Rebound for a Reversal | Ultimately Losing Money and Doubting Life
The market has already completed the rally phase | Entering a high-level, weak consolidation pattern
The four-hour chart peaked around 70300 and then continued to weaken, with the high gradually declining. Selling pressure above remains heavy, and the bullish momentum continues to weaken. Currently, it is still in a retracement phase after the surge, and no new strong trend has emerged.
The one-hour chart found brief support around 67700, showing a small technical rebound in the short term, but the rebound strength is weak. Overall, it is being suppressed below 69000, indicating a weak correction rather than a trend reversal.
$BTC Trading Guide:
Current price: 69845, go short directly
Target: 67800 - 67200, break below to see 66000 or lower
Stop loss: Set according to your own risk management
‼️‼️ Risk Reminder: The above content is for reference only and does not constitute any investment advice. Please carefully assess your own risk tolerance, #Gate广场四月发帖挑战 #国际油价走高